The Board of Directors, at its meeting held on May 27, 2026, recommended a Final Dividend of ₹2.00 per equity share of ₹1.00 each (200%) for the financial year ended March 31, 2026. This dividend is subject to declaration by shareholders at the ensuing 41st Annual General Meeting (AGM) scheduled for September 18, 2026. The dividend will be payable to shareholders whose names are on the Register of Members as of September 11, 2026 (the record date).

TDS Applicability and Procedures

As per the Income Tax Act, 2025, dividends are taxable in the hands of shareholders, and the company is required to deduct TDS at the time of payment. The applicable TDS rates depend on the residential status of the shareholder and the documentation provided.

For Resident Members:
  • No TDS is deducted if the total dividend for a financial year does not exceed ₹10,000 for an individual.
  • A 10% TDS rate applies if a valid PAN is updated with the Depository Participant (for demat shares) or the RTA, MUFG Intime India Private Limited (for physical shares).
  • A 20% TDS rate applies for no PAN, invalid PAN, or if an individual's PAN is not linked with AADHAR.
  • Lower or nil deduction is possible with a certificate issued by the Income Tax Department under Section 395(1) of the Act.
  • Specific exemptions from TDS are available for certain entities (e.g., LIC, GIC, Category I/II AIFs, Mutual Funds, Govt. entities, provident funds, superannuation funds, gratuity funds, NPS) upon submission of a self-declaration and valid documentary evidence as detailed in the communication.
For Non-Resident Members:
  • The default TDS rate is 20% plus applicable surcharge and cess.
  • Non-resident members (including FIIs/FPIs) can opt for beneficial rates under applicable Double Tax Avoidance Agreements (DTAAs) by submitting specific documents on or before September 11, 2026. Required documents include a self-attested PAN copy, Tax Residency Certificate (TRC), duly signed Form 41, SEBI registration certificate (for FIIs/FPIs), and self-declarations regarding permanent establishment, beneficial ownership, and treaty eligibility.
  • A 35% TDS rate (plus surcharge and cess) applies to Indian Branches of Foreign Banks if a lower tax deduction certificate under Section 395(1) and a self-declaration are not provided.
  • A 30% TDS rate applies to shareholders who are residents of a Notified Jurisdictional Area as defined under Section 176 of the Act.
  • Sovereign Wealth Funds, Pension Funds notified under Schedule V(7) of the Act, and subsidiaries of Abu Dhabi Investment Authority (ADIA) can avail a nil TDS rate upon submission of a copy of the relevant CBDT notification and a self-declaration of compliance with conditions.

Important Deadlines and Submission

Shareholders must submit all requisite documents (duly completed and signed) to the company's email ID investorrelations@aisglass.com or the RTA's email ID investorhelpdesk@in.mpms.mufg.com on or before September 11, 2026. No communication regarding tax withholding will be accepted after this date.

Additional Shareholder Requirements

  • Physical Shareholders: SEBI's Master Circular dated May 7, 2024, mandates that physical shareholders whose folios lack updated PAN, Choice of Nomination, Contact Details, Mobile Number, Bank Account Details, and Specimen Signature will only receive dividend payments electronically after furnishing all these details to the RTA.
  • Bank Account Details: Shareholders are requested to submit/update their bank account details with their Depository Participant (demat holders) or by sending a scanned copy of a signed letter along with duly filled Forms ISR 1, ISR 2, and SH 13 and a self-attested PAN copy to the company (physical holders) to enable direct credit of the dividend.
  • Email ID Update: Shareholders are requested to update/register their email addresses and mobile numbers with their Depository Participant (demat holders) or with the company/RTA (physical holders) to receive electronic communications.

Post-TDS Process and Liabilities

  • TDS credits will be visible in Form 16A, downloadable from the income tax e-filing portal (www.incometax.gov.in).
  • Shareholders can claim refunds for excess TDS deducted in their income tax returns filed with their respective Tax Authorities, if eligible. The company will not entertain any claims for such taxes.
  • Shareholders will be responsible for indemnifying the company against any income tax demands (including interest, penalty) arising from misrepresentation, inaccuracy, or omission in the information provided by them.